Invesco QQQ $QQQ Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the second quarter, Holdings Channel.com reports. The fund owned 34,147 shares of the exchange traded fund’s stock after selling 1,553 shares during the period. Invesco QQQ accounts for about 0.7% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 28th biggest holding. Ashton Thomas Private Wealth LLC’s holdings in Invesco QQQ were worth $18,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ during the first quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after buying an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after buying an additional 54,944 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $617.10 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $618.42. The company has a 50 day moving average price of $590.61 and a 200 day moving average price of $547.74.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.